Dreaming of owning a home but worried about the down payment?

With the FHA $100 Down Payment Program, you could buy a HUD-owned home for as little as $100 down instead of the typical 3.5% down payment. Imagine moving into your own home with minimal upfront cost and starting to build equity sooner.

💡 What is the FHA $100 Down Payment Program?

When a home financed with an FHA loan goes into foreclosure, it often becomes a HUD-owned property. To encourage buyers to purchase these homes, HUD offers the $100 down payment incentive to make homeownership more attainable.

✅ Purchase a HUD-owned home using an FHA loan
✅ Pay only $100 down instead of thousands
✅ Available for owner-occupants only
✅ Must meet standard FHA guidelines and submit a full-price offer

✅ Who Qualifies for This Program?

You must meet FHA loan requirements, including:

✔️ Minimum credit score: 580 (some lenders require higher)
✔️ Debt-to-income ratio: Typically 43% or less
✔️ Employment: Stable, verifiable income with pay stubs, W-2s, or tax returns
✔️ Occupancy: Must live in the home as your primary residence
✔️ Valid SSN and ID: Required
✔️ Closing costs: Even with $100 down, you must cover closing costs and prepaid items (seller concessions can help)

❌ Automatic Disqualifiers

Unfortunately, not everyone qualifies. You may be disqualified if you:

• Are an investor (only owner-occupants qualify)
• Have credit scores below 580
• Have multiple late payments in the past 12 months, especially on rent or mortgage
• Have current accounts 90+ days late
• Are in bankruptcy without meeting waiting periods
• Had a foreclosure within the last 3 years (unless with extenuating circumstances)
• Have defaulted federal debt or student loans
• Cannot verify income or employment
• The property does not meet FHA safety and appraisal standards
• 
  

🙌 Why Consider This Program?

✔️ Keep more money in your pocket for moving, furniture, or savings
✔️ Competitive FHA interest rates to keep payments manageable
✔️ Start building equity sooner, without years of down payment savings

👋 Ready to Find Out if You Qualify?

Imagine owning your own home with just $100 down. Let’s see if there’s a HUD home in your area that fits your needs and get you prequalified today.

📞 Questions? Let’s Talk.

Call or text:    970-829-2437
Email:   mcrunk@barrettfinancial.com
NMLS#:  2267612

Disclosures

FHA $100 Down Payment Program is available for qualified buyers on HUD-owned properties only. Standard FHA guidelines apply. Closing costs and prepaid items still apply. Program availability and eligibility are subject to change without notice.